Binance Introduces Smart Asset Management, Adds Numerous Coins, Reduces Fees from $500 to $5

Table of Contents

Binance Smart Retrieval

Binance's Smart Retrieval feature supports public chains such as MATIC, TRX, BSC, FTM, ETH, HT, and more will be supported in the future, helping users recover assets from erroneous deposits.

In the example of an erroneous deposit shown below, users only need to click on "Retrieval now" on the right side and pay 5 USDT to initiate the automatic fund return process, which may take up to 14 working days at most.

Binance Smart Retrieval Adds Multiple Tokens

According to a report by Wu Blockchain, Binance has recently added additional on-chain tokens such as BASE, NEAR, ZKSYNCERA, and the retrieval fee has been significantly reduced from $500 to $5.

Binance revealed that it has recently added a large number of "smart retrieval" coins. After the user deposits an unsupported token (smart retrieval), the retrieval fee is also greatly reduced, only 5 USDT is charged. In the past this amount was as high as $500.… pic.twitter.com/ORxFyqfCeK

— Wu Blockchain (@WuBlockchain) March 25, 2024

In fact, Binance has measures in place for various ways users may make erroneous deposits, with different processing times and fees for different types of errors.